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Permira Seeks Buyer for $5.5 Billion Stake in Hugo Boss

Permira Advisers LLP is in talks with advisers about a potential sale of its remaining stake in German fashion house Hugo Boss AG seven years after taking control, according to three people with knowledge of the matter.

The private-equity firm, which owns about 50 percent of Hugo Boss, is in discussions to find a buyer for the stake, which is valued at about 3.7 billion euros ($5 billion), said the people, who asked not to be identified because the information isn’t public. No decision has been made.